Over the last twenty-plus years working with executives worldwide, we observed how one of the most crucial steps in educating leaders on the benefits and use of Decision Management Platforms is to help them navigate what’s possible and what is still esoteric.
To an untrained eye, a decision is a simple process of gathering data, turning it into insight, and coming up with a defensible hypothesis. However, as soon as we embark on a Decision Management discovery journey, leaders quickly learn how not all decisions are created equal, and the technology-processes mix differs dramatically. (more…)
Business leaders want to make informed decisions quickly, learn from insight, become more efficient, and stay profitable in today’s world. But extracting insight from data that will lead to more informed decisions is often a long process involving cross-organizational teams from various business areas, bottlenecking the organizations’ ability to make quick decisions and act on them. Decision management platforms like Lithium AI can speed up and automate the insight and decision-making process in many cases. Here is how: (more…)
Payroll is generally one of the most important components of a company’s operating expenses. In service sectors, such as hotels and restaurants, payroll is generally the largest component. It is natural that, in times of scarcity, companies seek a reduction in temporary costs to survive. Sometimes these adjustments become permanent, generating greater profits for owners and investors.
This economic halt we are experiencing today is serving as an excuse for many companies to make cuts and adjustments. Since March, massive layoffs have been reported across the country in excess of 346,000. In Quintana Roo, official figures reach almost 64,000 people, being the entity with the most registered layoffs. (more…)
Competitive Intelligence? What’s competitive intelligence? According to Wikipedia, “Competitive intelligence (CI) is the action of defining, gathering, analyzing, and distributing intelligence about products, customers, competitors and any aspect of the environment needed to support executives and managers in making strategic decisions for an organization.“
For the day to day, it means understanding what your competitors, direct and indirect are doing, how big their war chest is, whom they’re hiring, and then trying to figure out how you can outcompete them based on your realities. Competitive intelligence is an ongoing process. It is about accumulating relevant knowledge that your entire executive team can implement into the overall company strategy. (more…)
What is at stake, some may ask. Everything, we negotiate every day, knowingly or not. Be it about the added sugar in your coffee, whether you can borrow a buck from your friends, or if someone can lend you a pen. When it comes to business, you negotiate contracts, term sheets, employment agreements. (more…)
Back in 2018 I was presenting to the Chief Marketing Officer of Fujitsu on my human centered design innovation process. It worked great for digital products and MVPs but somehow it wasn’t landing. At about the halfway point of the presentation, the CMO asked a straightforward question. “How do I create the next iPhone?” I had no idea. What happened next was a series of questions that I believe led me to unearth at least a portion of Apple’s product innovation guidelines. If I’m right let me know, if I’m wrong, also let me know.
It all started with this: (more…)